Gold fixing


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Gold fixing

The process of determining the price of gold based on supply and demand forces of the market; which occurs twice daily in London.

Gold Fixing

The determination of the price of gold. Gold fixing is done twice per day by the London gold pool, which consists of five members who investigate the supply and demand for gold on the world market. The price that gold fixing determines serves as a benchmark for gold trading worldwide.
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As has been acknowledged by the FCA, Barclays has committed significant resources to enhancing its systems and controls in relation to the Gold Fixing, as well as in relation to other reference rates.
In April 2009, the average gold fixing was set at $891.
gold fixing price for an ounce of gold in the London bullion market on each of the 20 trading days ending on January 30, 2006.
The ETF, which will provide the returns in yuan, will monitor the performance of the London Gold Fixing Price in US dollars.
gold fixing price for one ounce of gold in the London bullion market on each of the 20 trading days ending on January 30, 2006.